Bidgely has acquired Grid4C, a leading artificial intelligence (AI) predictive analytics developer in the energy industry, to expand its AI-powered energy analytics solutions for both grid-side management and consumer engagement. This acquisition will not only strengthen the core capabilities of Bidgely’s UtilityAI™ Platform, including home energy management, customer experience, demand response, load shaping strategies, and distributed energy resources (DERs) optimization, but also support a variety of new use cases.

“This acquisition marks a pivotal moment for Bidgely, solidifying our leadership position in AI-powered energy intelligence. We’ve demonstrated exceptional organic growth, and now, with our first strategic acquisition, we’re accelerating that trajectory,” said Abhay Gupta, Bidgely founder and CEO. “Combining our industry-leading AI with strategic acquisitions allows us to deliver unprecedented innovation and value to the energy sector.”

Latest AI Trends: New WSO2 API Management Offerings Harness AI for Greater Productivity and Governance

Bidgely’s Strategic Acquisition of Grid4C: A Leap Forward in AI Analytics

Founded in 2013, Grid4C became a recognized leader with 10 patents in the AI-powered energy analytics space. With novel solutions around fault detection & diagnostics of home appliances and grid assets, as well as load and DER forecasting, the company, backed by strategic investors such as Alectra Utilities and Engie, gained traction among North American, APAC, and European utilities.

Once integrated into Bidgely’s customer engagement solution, Grid4C’s fault detection and diagnostics algorithms will offer insights into when a utility customer’s appliances, like heating and air conditioning (HVAC) systems, are likely to fail. This strengthens Bidgely’s current capabilities and promises to benefit multiple stakeholders:

  • Utilities can offer appliance maintenance programs to consumers, thereby enhancing customer experience and creating new revenue streams
  • Utilities can work with home service partners to target the most promising customers to deliver value through rebates, upgrades or replacement services
  • Customers themselves can proactively maintain their appliances to prevent expensive repairs down the line

Latest AI Trends: New WSO2 Integration Offerings Maximize the Power of AI 

Additionally, integrating Grid4C’s AI-powered granular load & DER forecasting into Bidgely’s customer engagement platform will assist customers to better budget their energy costs, with accurate 7 days ahead hourly usage forecasts and 30 days ahead bill predictions. It also alerts customers of usage anomalies that can be avoided and prevents bill shocks.

When merged with Bidgely’s grid analytics offering, this load & DER forecasting feature will also predict faults and overload of grid assets, and identify when solar production or electric vehicle consumption will peak, allowing utilities to intelligently plan demand response programs and optimize DERs.

“Bidgely is both an innovator and a market leader when it comes to helping utilities enhance customer experience and operate their grid efficiently. We are excited to be a part of the Bidgely team,” said Dr. Noa Ruschin-Rimini, Grid4C founder and CEO. “Together, we have several decades of experience in AI in the utilities space and are well-positioned to help utilities address the widest range of use cases both on the grid side and on the customer side.”

Latest AI Trends: BGV Unveils A Comprehensive Playbook for Founders Building Human-Centric AI Startups

Source: businesswire

To share your insights, please write to us at sudipto@intentamplify.com